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History of Alfa Export Technologies [Is] Ltd.

The Comp. was incorporated on 13th March 1992 as a Public Limited Comp. under the Companies Act, 1956 & obtained the certificate of commencement of business on 2nd April 1992. The Comp. was subsequently engaged in an extensive study of various technologies available in the world for the right kind of technology to manufacture Polymer Intermediates of superior quality at the most economical costs & with regard to marketing, the Company commissioned M/s. Nandini Consultancy Center Pvt. limited [who are in the approved panel of consultants of IDBIs] to conduct a through survey in the Domestic & Middle East markets in order to ascertain the demand of proposed products in these markets. Subsequent to this survey the Company entered into an 100% marketing agreement with Gulf Esterchem, Dubai to market the entire production of the Company in the Middle East & the Gulf. The present authorised capital of Comp. is Rs.12.00 Crores.

PAST FINANCIAL PERFORMANCE

As the Comp. is engaged in implementation of its project and commercial operations have not yet commenced, no Profit & Loss Account has been prepared from the date of incorporation i.e. March 14, 1992 to February 28, 1995, being the last date upto which the audited balance sheet has been prepared.

MAIN OBJECTS OF THE COMPANY

The main object of Comp. are set out in the Memorandum & Articles of Association & contain, inter alia, the following objectives:

1. To design manufacture, erect, commission plants and projects for export & to acquire & develop through research & development know-how for export technologies either through a collaboration arrangement or on an outright basis or on a consultancy basis or in a combination of any of above.

2. To deal in all types of Resins & compounds and products therefrom such as moldings, coatings, castings, adhesives & sealants, surfactants & industrial process aids both from synthetic & natural sources including all types of soaps & detergents & all materials required for the same.

3. To deal in all types of dyes & dye intermediates and to manufacture & deal in all feed stocks & materials required for above products.

4. To deal in all types of woven & non-woven fabrics, laminations & coatings, wires & ropes, packaging materials & waterproof covers from synthetic and non-synthetic materials including filaments, yarns, threads and made up fabrics & products.

5. To modify, convert & deal in all types of essential oils, spices, oleoresins, medicinal oils, chemicals, chemical intermediates & chemical compounds, food and nutritive products, edible colors, fragrances flavors and essences using vegetable feed stock or synthetic raw materials & to design, manufacture & erect and commission all types of machinery, process plants and equipments for realisation of main objects & other objects of Company.

PRESENT BUSINESS OF THE COMPANY

The Comp. is presently engaged in implementing the Project, & the commercial operations are yet to commence, as such no Profit & Loss Account has been prepared from the date of incorporation.f